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    CIMB Bank Singapore dollar (SGD) Exchange Rates Compared Live

    We help you save money by comparing CIMB Bank Singapore dollar (SGD) exchange rates to the latest market rate and those offered by leading FX providers.


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    CIMB Bank FX at a glance

    CIMB Bank, also known as CIMB Group Holdings Berhad, is a leading financial institution based in Malaysia. It is one of the largest banks in Southeast Asia and operates across various countries in the region.

    CIMB Bank was established in 1924 as the United Asian Bank and went through several mergers and acquisitions over the years. In 2005, it merged with Commerce International Merchant Bankers (CIMB) to form CIMB Group Holdings Berhad, the parent company of CIMB Bank.

    CIMB Bank operates in multiple countries, including Malaysia, Indonesia, Thailand, Singapore, Cambodia, and Vietnam. It has a strong regional presence and provides banking services to individuals, businesses, and corporations.

    How do CIMB Bank transfer exchange rates compare?

    Sending or receiving international transfers to or from your CIMB Bank account will include a margin rate of between 3.5% to 8% – this is much higher than most money transfer broker rates (which are normally 0.5 to 1.5%).

    In addition to the exchange rate margin CIMB charge a fixed fee that will vary according to the product and the currencies involved, here is a table with a sample:


    Products/Items Charges

    Singapore Dollar

    Indonesian Rupiah

    All other currencies

    CIMB Clicks (Online)




    SpeedSend - RM250 to RM50,000 (limit of up to RM50,000 per customer per day for all payment purposes) RM10.00 / transaction
    Inward Telegraphic Transfer/RENTAS from other banks for Credit to CIMB Account. No charge
    Inward Telegraphic Transfer from Foreign Banks or Nostro Account Statements for Credit to CIMB Account. RM5.00
    Inward Telegraphic Transfer for Credit to Other Bank Customer's Account via Banker's Cheque. RM5.15 (Inclusive stamp duty)
    Inward Telegraphic Transfer for Credit to Other Bank Customer's Account via RENTAS. RM9.00


    CIMB Bank offers various products that involve foreign exchange (FX) transactions and may charge FX margins and fees. Here are some of the products where FX these costs may apply:

    1. International Wire Transfers: When sending or receiving international wire transfers through CIMB Bank, FX fees may be imposed. These fees are generally charged for converting funds between different currencies and may vary depending on the transfer amount and destination currency.

    2. Credit Cards: CIMB Bank provides credit cards that can be used for international transactions. When making purchases or cash withdrawals in a currency different from the card's billing currency, a foreign transaction fee may be applied. This fee is typically a percentage of the transaction amount and is charged to cover the currency conversion costs.

    3. Debit Cards: Similar to credit cards, CIMB Bank's debit cards can be used for international transactions. When using a debit card for purchases or cash withdrawals in a foreign currency, a foreign transaction fee may be charged.

    4. Overseas ATM Withdrawals: If you use a CIMB Bank card to withdraw cash from ATMs located abroad, an FX fee may be applied. This fee covers the currency conversion costs associated with converting the withdrawn amount into the card's billing currency.

    When sending money abroad, CIMB Bank allows you to request a real-time FX rate request, prior to scheduling an international wire. So you can check the rate and compare to the best rates from our BER partner brokers to check for a better deal.

    Receiving an international wire transfer at CIMB Bank

    When receiving an international wire transfer at CIMB Bank, you will typically need to provide specific bank codes to ensure the smooth processing of the transaction. Here are the commonly used bank codes for CIMB Bank:

    1. SWIFT Code: The SWIFT (Society for Worldwide Interbank Financial Telecommunication) code for CIMB Bank is CIBBMYKL. This code is used to identify CIMB Bank as the recipient bank in international wire transfers. You or the sender will need to provide this code to ensure the transfer reaches CIMB Bank correctly.

    2. Bank/Branch Code: CIMB Bank also uses a bank and branch code system for domestic transfers within Malaysia. However, for international wire transfers, the SWIFT code mentioned above is the primary code required. The bank/branch code is not typically necessary for international transfers.

    3. Account Number: In addition to the bank codes, you will need to provide your CIMB Bank account number. This account number ensures that the funds are credited to the correct account within CIMB Bank.

    When receiving an international wire transfer, it is crucial to provide accurate and complete information to the sender, including your full name, bank account number, and the CIMB Bank SWIFT code (CIBBMYKL). Additionally, it is recommended to communicate with CIMB Bank directly or visit their website to obtain the most up-to-date and accurate information regarding the bank codes required for receiving international wire transfers.


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